GNFC soars 15%, hits 52-week high on robust Q3 earnings

On outlook, GNFC said that the company is in a position to leverage boom in specific products and optimize, both, realization and profits, with flexible and multiple product basket.

Shares of Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) hit a 52-week high at Rs 523.25, on rallying 15 per cent on the National Stock Exchange (NSE) in Monday’s intra-day trade in an otherwise subdued market after the company reported best ever quarterly performance in the December quarter (Q3FY22).

The stock of fertilizer and chemical company surpassed its previous 52-week high of Rs 518.20 touched on October 6, 2021. At 09:58 am; the stock was up 12 per cent at Rs 511.30, as compared to 0.63 per cent decline in the Nifty 50 index.

In Q3FY22, GNFC’s